Hey, look, some startups are still raising money • TechCrunch

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Don’t forget that the code “EQUITY” can save you money on Disrupt tickets and TechCrunch+ access. And it makes us here on the show look good! Markets: Stocks are mostly down around the world today, taking … Read more

Steve Case is trying to make money with founders outside Silicon Valley; his plan is starting to work • TechCrunch

Steve Case, the cofounder of America Online, the investment firm Revolution, and its offshoot seed-stage arm Rise of the Rest, has a new book out called Rise of the Rest: How Entrepreneurs in Surprising Places are Building the New American Dream. In it, Case argues that Covid was a “shake the globe” moment for entrepreneurship, … Read more

As the economy falters, tracking the money behind the money • TechCrunch

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single topic and unpack the rest. Today we asked: How is the economic downturn and startup slowdown impacting VCs, and the folks … Read more

Polychain puts its money on HotStreak to streamline sports betting using blockchain • TechCrunch

In the world of sports betting, instant payments and reliable custody are key to the user experience. HotStreak, a web3 platform for daily fantasy sports (DFS) contests, is wagering that the decentralized nature of the blockchain makes it an ideal solution for DFS platforms. The sports betting market in the US has grown rapidly as … Read more

Anheuser-Busch Settles Suit Claiming There’s No Tequila in Its ‘Ritas’: Here’s How to Get Your Money

Anheuser-Busch has agreed to an undisclosed settlement resolving a class action lawsuit claiming that, despite packaging and labeling suggesting they’re margaritas, mojitos and wine spritzers, its line of “Ritas” drinks don’t actually contain any tequila, rum, other distilled spirits or wine. In a complaint filed in the US. District Court of Southern New York in … Read more

Luminovo raises money to reduce waste in electronics manufacturing – TechCrunch

For the $5 trillion electronics industry, electronics manufacturers, Munuch-based Luminovo builds a SaaS solution that brings together the full material and production costing process. The company is aiming to upending an industry that’s been mired in the previous millennium for a long time. Replacing manual parts of the process with automated tools, it enables the … Read more

FTX’s money isn’t insured, FDIC says

The Federal Deposit Insurance Corporation (FDIC) slapped the Sam Bankman-Fried-owned cryptocurrency exchange FTX with a cease-and-desist order over “false and misleading statements” that suggest its assets are FDIC-insured. The FDIC doesn’t cover stocks or crypto, and only safeguards funds held in insured bank accounts. In a letter to the exchange, the FDIC points to a … Read more

Vivo India Committed Heinous Economic Offence Related to Money Laundering, ED Tells Delhi HC

The Enforcement Directorate has told the Delhi High Court that the investigation has been carried out against Vivo India strictly in accordance with the provisions of PMLA and the offence relates to money laundering which is a heinous economic offence. The financial probe agency, in an affidavit filed in Delhi High Court, opposed the petition … Read more

Chase Sapphire Reserve’s New Welcome Bonus Earns You More Money Toward Travel

The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. The Chase Sapphire Reserve®, a popular premium travel rewards credit cardhas increased the size of its welcome bonus. This could appeal to anyone looking to book a summer trip, especially amid increasing flight and … Read more